The right support at the right time

Jun 21 2007 By Glen Callander, The Journal

Turnaround situations can, unfortunately, affect all businesses regardless of size or sector and with technological advancements, increased competition, legislative issues and changes in the economy making the business world a more complex one to operate in, no company can take their business success for granted.

There are a number of reasons why a business would find itself facing difficulties such as a change in management or inadequate management teams in place, insufficient financial info/systems or just simply not having the right level of financial support to name but a few.

If you find your business is experiencing difficulties financial or otherwise, aim to tackle the issue head on and avoid burying your head in the stand, this way you have the best chance of your company succeeding and coming through these turbulent times.

At Bibby Financial Services we believe that having the right financial support is crucial at any stage of the business lifecycle, but becomes more critical when the going gets tough and you find that you need a specialist who understands the position you are in and who can provide the right financial support for your individual situation.

We work with local companies to help them turn their businesses around, by assisting with that all important area of finance. In fact, we are largest independent in our field specialising in the provision of business finance to both small and medium-sized businesses and working across a wide range of industry sectors.

We offer a portfolio of funding solutions including:

* Invoice finance, which takes two forms - invoice discounting or factoring.

Invoice discounting is a finance- only service where funding levels are determined against sales invoices. This service can be confidential where the customer is unaware of the invoice financier's involvement.

Factoring is funding against UK invoices including a full collection and sales ledger management service. This service can also be carried out confidentially and with bad debt protection should you want it.

* Export factoring - funding against export invoices and an overseas collection service.

* Trade services - funding against confirmed orders or one off sales, to individual companies.

* Asset and leasing finance - funding assistance in purchasing new plant and machinery or refinancing existing assets.

At Bibby Financial Services we pride ourselves in being flexible and as such we do not have a list of situations where we cannot help. We always work hard to identify ways of offering a flexible package to help a business.

With local decision makers on site we can truly offer a local, flexible and fast approach to servicing our clients.

• Glen Callander is sales manager of Bibby Financial Services. To find out how they can help turn your business around, call (0191) 516-9933.